![](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NWYxZjUtZjUyMC03ZTY4LWI3YzEtZWQyNDBmM2MxMmVh.jpg\")
\n <\/p>\n\n \n <\/p>\n
The SEC\u2019s app<\/a>roval comes just weeks after Trump Media<\/a> confirmed its capital raise to purchase Bitcoin, following initial denials of earlier reports.<\/p>\n Trump Media and Technology<\/a> Group (TMTG), the company that owns US President Donald Trump\u2019s Truth Social platform and is partially owned by the president, has received approval from the US Securities and Exchange Commission (SEC) for its registration statement tied to its $2.3 billion Bitcoin treasury deal.<\/p>\n According<\/a> to a June 13 SEC filing, the agency \u201cdeclared effective\u201d TMTG\u2019s S-3 registration statement \u2014 filed on June 6 \u2014 for the Bitcoin (BTC<\/a>) treasury deal. The S-3 is a form that US companies use to register the sale of various securities, like stocks, options, and different types of debt. TMTG filed a corresponding final prospectus with the SEC on the same day.<\/p>\n The SEC filing said that, as part of its Bitcoin treasury plan, TMTG registered the resale of approximately 56 million shares and 29 million more tied to convertible notes as part of debt and equity agreements with around 50 investors, which yielded $2.3 billion.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n